Xpeng (XPNGF) Research & Development (2019 - 2026)
Xpeng's (XPNGF) quarterly Research & Development came in at -$429.5 million in Q2 2026, down 39.47% year-over-year from -$709.7 million in Q2 2025, and down 1.92% quarter-over-quarter from -$421.4 million in Q1 2026.
Analysis
Xpeng (XPNGF) Research & Development (2019 - 2026) Analysis & Trends
Xpeng (XPNGF) has reported Research & Development for 8 consecutive years, with -$429.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 39.47% year-over-year to -$429.5 million in Q2 2026; TTM through Jun 2026 was -$1.6 billion, a 46.75% decrease from a year earlier, with the FY2025 full-year figure at -$1.4 billion, down 53.41% from the prior year.
- Research & Development was -$429.5 million for Q2 2026 at Xpeng, down from -$421.4 million in the prior quarter.
- Over five years, Research & Development peaked at -$178.3 million in Q4 2022 and troughed at -$429.5 million in Q2 2026.
- A 5-year average of -$254.8 million and a median of -$206.2 million in 2022 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 21.7% in 2022, down 135.88% in 2022.
- Over 5 years, Research & Development stood at -$178.3 million in 2022, then slipped by 3.28% to -$184.2 million in 2023, then sank by 49.24% to -$274.9 million in 2024, then plunged by 47.42% to -$405.2 million in 2025, then retreated by 5.99% to -$429.5 million in 2026.
- The last three Research & Development figures came in at -$429.5 million (Q2 2026), -$421.4 million (Q1 2026), and -$405.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,198.29 Bn | 1,154.76 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | - |
| 3 | Honda Motor | 126.03 Bn | 85.90 Bn | 8.46 Bn | -1.53 Bn |
| 4 | Ford Motor | 79.18 Bn | 47.85 Bn | 6.08 Bn | - |
| 5 | General Motors | 76.72 Bn | 52.01 Bn | 7.33 Bn | - |
| 6 | Rivian Automotive | 21.51 Bn | 16.20 Bn | 179.00 Mn | 466.00 Mn |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | -316.12 Mn |
| 8 | VinFast Auto | 7.17 Bn | 7.17 Bn | -677,431.76 Bn | -101,004.78 Bn |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | -409.08 Mn |
| 10 | Xpeng | 5.26 Bn | 2.95 Bn | 601.83 Mn | -429.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -429.54 Mn |
| Mar 31, 2026 | -421.43 Mn |
| Dec 31, 2025 | -405.25 Mn |
| Sep 30, 2025 | -341.18 Mn |
| Jun 30, 2025 | -307.97 Mn |
| Mar 31, 2025 | -272.95 Mn |
| Dec 31, 2024 | -274.88 Mn |
| Sep 30, 2024 | -232.71 Mn |
| Jun 30, 2024 | -201.83 Mn |
| Mar 31, 2024 | -187.04 Mn |
| Dec 31, 2023 | -184.19 Mn |
| Sep 30, 2023 | -178.98 Mn |
| Jun 30, 2023 | -188.53 Mn |
| Mar 31, 2023 | -188.69 Mn |
| Dec 31, 2022 | -178.34 Mn |
| Sep 30, 2022 | -210.66 Mn |
| Jun 30, 2022 | -188.85 Mn |
| Mar 31, 2022 | -192.65 Mn |
| Dec 31, 2021 | -227.76 Mn |
| Sep 30, 2021 | -196.21 Mn |